Boeing CEO to visit Spirit AeroSystems after door incident
Jeff Sica, founder of Circle Squared Alternative Investments, discusses whether Boeing stock is a buy for Barney & Company. Boeing CEO Dave Calhoun will visit parts supplier Spirit AeroSystems in Wichita, Kansas, on Wednesday, a company spokesperson confirmed to FOX Business. Calhoun and Spirit CEO Pat Shanahan said employees were injured after a mid-air accident […]
Biden hails court decision to block of Spirit, JetBlue merger
President Biden on Tuesday praised a federal judge's decision to block the merger of Spirit Airlines and JetBlue Airways, calling it a victory for consumers. “Capitalism without competition is not capitalism. It is exploitation,” Biden said in a statement. “Today's ruling is a victory for consumers around the world who demand lower prices and more […]
JetBlue blocked from acquiring Spirit Airlines in $3.8B deal
A federal judge on Tuesday blocked JetBlue Airways' $3.8 billion plan to buy ultra-low-cost carrier Spirit Airlines based on an agreement with the Justice Department that the deal would reduce the availability of cheap flights. of ruling The ruling by U.S. District Judge William Young in Boston marks a victory for the Biden administration in […]
Federal judge blocks $3.8B merger of Spirit, JetBlue
A federal judge on Tuesday blocked JetBlue Airways' proposed $3.8 billion takeover of Spirit Airlines, saying it would reduce competition and harm consumers. U.S. District Judge William Young said in a court filing Tuesday that the acquisition, which would make JetBlue the fifth-largest airline, “complies with the Clayton Act, which is designed to prevent anticompetitive […]
Federal court blocks proposed merger between JetBlue Airways and Spirit Airlines
See what's being clicked on FoxBusiness.com A federal judge on Tuesday blocked JetBlue Airways' proposed $3.8 billion takeover of low-cost carrier Spirit Airlines, agreeing with the Justice Department's opinion that the deal would harm the availability of low-cost flights. U.S. District Judge William Young said the proposed merger “violates the core principle of antitrust law: […]